$7,125 Closing Credit*
$600,000
3,582 SqFt
5 Beds
•3 Full Baths
ASTAIRE GEBREMEDHIN, Listing Office: FLORIDA HOMES REALTY & MTG LLC
Is Jacksonville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Jacksonville was a Seller's Market.
Key Takeaway
Jacksonville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jacksonville, FL
How much do homes in Jacksonville, FL cost?
Median Sold Price
$308,163
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,865(+3.0%)
Key Takeaway
Homes in Jacksonville have sold for 3% more than they did a year ago.
Summary: The median home sold price in Jacksonville was $308,163 in October 2024, up 3% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | $164.2K | -0.5% |
| 2 Bedrooms | $217.6K | $217.4K | -0.1% |
| 3 Bedrooms | $285.3K | $287.2K | +0.7% |
| 4 Bedrooms | $374.1K | $379K | +1.3% |
| 5+ Bedrooms | $506.7K | $565K | +11.5% |
Summary: Jacksonville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 11.5%.
Median Sold Price Compared To Nearby Cities
| Jacksonville East | $337.9K | $360K | +6.5% |
| Jacksonville | $299.2K | $308.1K | +3.0% |
| Jacksonville West | $244.8K | $247.6K | +1.2% |
| Orange Park | $324.8K | $326.7K | +0.6% |
| Jacksonville North | $319.4K | $320K | 0.2% |
Housing Supply in Jacksonville, FL
How many homes are available in Jacksonville, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5,333 | 5,645 | +5.9% |
Summary: The Jacksonville real estate market had 5,645 homes for sale in October 2024, a 5.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 71 | 81 | +14.1% |
| 2 Bedrooms | 791 | 868 | +9.7% |
| 3 Bedrooms | 2,708 | 2,838 | +4.8% |
| 4 Bedrooms | 1,419 | 1,496 | +5.4% |
| 5+ Bedrooms | 344 | 362 | +5.2% |
Summary: The Jacksonville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 5.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 847 | 780 | -7.9% |
Asking Price vs. Sold Price
464 Homes Were Sold
Under Asking
218 Homes Were Sold
At Asking
98 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jacksonville, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.
Summary: A total of 780 homes were sold or pending in Jacksonville in October 2024, down by 7.9% month-over-month. Of the 780 sold homes, 59% were sold under asking, 28% were sold at asking, and 13% were sold over asking.
Days on Market for Jacksonville, FL
How long does it take to sell a home in Jacksonville, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 60 Days | +19.7% |
Summary: Homes in Jacksonville had an average of 60 days on market in Oct 2024, up by 19.7% compared to last year.
Breakdown of Home Sale Times
332 Homes Were Sold
Under 30 Days
273 Homes Were Sold
In 30 - 90 Days
175 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jacksonville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 780 homes were sold in Jacksonville; 43% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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